ALLAN POTASH MINE

Potash Corporation of Saskatchewan Inc. view that the BHP Billiton $130 per share offer is wholly inadequate. The Company believes that the offer fails to reflect both the value of PotashCorp's premier position in a strategically vital industry and the company's future growth prospects.

Potash Corporation of Saskatchewan Inc. announced third-quarter earnings of Can$1.32 per share Can$402.7 million - the second-highest third-quarter total in company history. This result far exceeded the Can$0.82 per share Can$247.9 million earned in the same period last year and raised earnings for the first nine months of 2010 to Can$4.34 per share Can$1.3 billion, surpassing all previous full-year totals with the exception of the record 2008.

Potash Corp reported that it has produced 3.405 Mt potash in 2009. Available supplies were limited by labor disputes at three of their mines while demand fell due to the start of the global economic crisis in late 2008. Pattern of offshore potash shipments were altered in 2008 by a late contract settlement between Canpotex and China. India benefited from China’s late entry to the market, receiving nearly 60 percent more potash from Canpotex than in 2007. North American sales volumes fell as farmers mostly passed on a fall application due to the late harvest and unfolding global economic concerns.